Bitcoin Spot ETFs Achieve Strong Inflows Amid Geopolitical Tensions, Supporting Crypto Market

U.S. Bitcoin spot ETFs have recorded eight consecutive days of net inflows, totaling $388.3 million on June 18, reflecting robust institutional demand despite escalating geopolitical tensions between Israel and Iran. Major funds, including BlackRock’s IBIT and Fidelity’s FBTC, led these inflows, while Bitwise’s BITB also grew and Grayscale’s GBTC saw some outflows. Since mid-April, this sector has reported only eight days of net outflows, amassing over $11.2 billion in new capital and reaching more than $46.3 billion in total ETF assets under management. Spot Ethereum ETFs, spearheaded by BlackRock’s ETHA, reversed recent outflows and posted multiple positive days in June. Meanwhile, Iran’s crypto market faced setbacks after a $100 million hack at Nobitex, the country’s largest exchange, prompting tight restrictions from the central bank. The hack was notable for burning funds rather than laundering them. Telegram’s founder also highlighted mounting regulatory risks in France. Overall, continued strong inflows into major crypto ETFs, underpinned by solid ETH staking and relatively stable macro policy from the U.S. Federal Reserve, are helping support the crypto market’s resilience—even as altcoins and emerging sectors face increased volatility amid global uncertainty.